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INDIABULLS REAL EST Plunges 5%; BSE REALTY Index Down 0.9%
Wed, 10 Jul 11:4

INDIABULLS REAL EST Plunges 5%; BSE REALTY Index Down 0.9%Image source: CreativaImages/www.istockphoto.com

INDIABULLS REAL EST share price has plunged 5% and is presently trading at Rs 139.6.

Meanwhile, the BSE REALTY index is at 8,721.4 (down 0.9%).

Among the top losers in the BSE REALTY index today are Phoenix Mill (down 3.0%) and MAHINDRA LIFESPACE (down 2.8%).

Brigade Enterprises (up 2.3%) and PRESTIGE ESTATES are among the top gainers today.

Over the last one year, INDIABULLS REAL EST has moved up from Rs 62.9 to Rs 139.6, registering a gain of Rs 76.7 (up 121.8%).

On the other hand, the BSE REALTY index has moved up from 4,216.3 to 8,721.4, registering a gain of 106.8% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 263.1%), PRESTIGE ESTATES (up 201.4%) and Phoenix Mill (up 147.6%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,593.3 (down 0.9%).

The top losers among the BSE Sensex today are M&M (down 6.8%) and HCl Tech. (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,212.7 (down 0.9%). M&M and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,593.3, registering a gain of 14,249.1 points (up 21.8%).

INDIABULLS REAL EST Financial Update...

INDIABULLS REAL EST net profit grew 19.6% YoY to Rs -3,023 million for the quarter ended March 2024, compared to a loss of Rs 3,758 million a year ago. Net sales declined 80.6% to Rs 210 million during the period as against Rs 1,081 million in January-March 2023.

For the year ended March 2023, INDIABULLS REAL EST reported 342.6% decrease in net profit to Rs -6,076 million compared to net loss of Rs 1,373 million during FY22. Revenue of the company fell 59.4% to Rs 5,868 million during FY23.

The current Price to earnings ratio of INDIABULLS REAL EST, based on rolling 12 month earnings, stands at -8.5.


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